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  1. Financial Economics
    1. 2018
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BSc (Hons) Financial Economics

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This world-class degree will enable you to understand the economics of financial markets and develop the analytical abilities of a trained economist, preparing you for a wide range of career and study options.

Key Information

Start date

September 2018

Duration

3 years or 4 years with a work placement option.

UK/EU

Full-time: £9,250 (2017/18 fee. Fees for 2018/19 entry TBC)*

Non-EU

Full-time: £15,500 (2017/18 fee. Fees for 2018/19 entry TBC)**

UCAS code

L111

Application period

From September 2017

Until 15th January 2018

Who is it for?

This course has been developed for ambitious, motivated students who want to develop the valuable skills that will prepare them for a wide range career options in economics and finance. You will study current economic theory and practice, financial economics, and the technical mathematics and statistics that underpin them.

The Financial Economics undergraduate degree was originally developed to meet a gap in the educational market, answering the needs of students and employers. As a result, this course is focused on creating highly skilled graduates with the analytical abilities of a trained economist and specific knowledge of the economic aspects of financial markets.

Objectives

This course aims to develop your analytical abilities in economics, providing you with the quantitative skills required to analyse financial markets. Successful completion is a signal to prospective employers of your sound knowledge and understanding of the macroeconomic and microeconomic principles underlying various types of financial markets and instruments. For example, you will understand the design and pricing of options, futures and other derivatives, the pros and cons of financial regulation or the optimal asset management within firms.

At City, you will learn the latest developments in all major fields of economics in a highly energised and supportive environment from lecturers recruited for their research excellence.

The degree will help you answer key questions, such as: what is the macroeconomic role of finance? What are the quantitative tools used most commonly for financial analysis? What are the practical roles and obligations of major financial institutions?

This course will also prepare you for a wide range of postgraduate study and careers options in economics and finance. That is why graduates from our programmes are currently working at renowned organisations, such as Moorhouse Consulting, DBRS, XL Catlin, Private Infrastructure, Bearing Point and Goldman Sachs.

On this course, you can also broaden your horizons and prepare for your career through our exciting placement year schemes and student-led Economics Society activities.

Requirements and how to apply

Entry requirements

Typical requirements:

  • 'A' Level: AAB (including Mathematics at grade B or higher)
  • Tariff: 136 UCAS tariff points (typically AAB or ABB with a relevant EPQ)
  • BTEC: DDD with an 'A' Level grade B in Mathematics
  • IB: 33 points, including 5 in Higher Level Mathematics
  • GCSE: English Language at grade 6 (B) or equivalent.

Other suitable qualifications

  • Extended Project Qualification (EPQ): We welcome applications that include the EPQ. Where relevant, this may be included in our offer, resulting in an 'A' Level offer reduced by one grade.

If you do not qualify for direct entry, you may wish to take a foundation programme first. These programmes are designed to prepare students for entry to City's undergraduate courses.

INTO City, University of London

These programmes are designed for international students who do not meet the required academic and English language requirements for direct entry. To prepare for this degree course, learn more about the International Foundation programme in Business and Economics with Accounting. and the International Foundation programme in Business and Economics with Society and Culture.

Kaplan International College (KIC) London

City works in partnership with KIC London to provide a range of preparatory courses for international students. KIC London courses offer comprehensive support to students - including regular one-to-one tuition. Students who successfully complete the KIC London Foundation course at the required level have a guaranteed progression route to City, University of London degree courses.

Second-year transfer applicants

If you wish to apply for second-year entry please be aware that you must:

  • have achieved grades equal to the entry requirements for first-year entry ('A' Levels, foundation years, access courses, etc.)
  • be gaining or have gained at least a 2:1 in every module in your current first year. You must provide official documentation of this as evidence (e.g. university transcript).
  • have covered sufficiently similar content to that covered by our first-year students. This is a very demanding requirement. Our first year students spend half their time on mathematics and statistics. The majority of applications for second year entry are rejected because the applicant does not have enough mathematics or statistics.

If you feel you meet these requirements then please apply through UCAS as early as possible (transfer students normally apply when their first semester exam results are published) and we can then assess your eligibility. Please be aware you will need to select your 'point of entry' as year two.

Please note: For direct second-year entrants the overall degree classification will be based on the marks obtained at City, University of London only, with the weighting of 33/67 between the second and third year. Marks previously obtained will not be used in the degree classification.

If you choose to apply, please make sure you include the following information on your application:

  • the exact name of the degree you are studying towards
  • the institution at which you are studying
  • the modules you have taken
  • any scores you have achieved.

This information will enable us to make a more informed decision as to whether the content that you have studied is to an appropriate level for level-two entry.

Please be aware that you must meet all of the above requirements, otherwise your application is unlikely to be successful.

International

Acceptable international qualifications, which must include the equivalent of a grade B in Mathematics at 'A' Level, include the following. For example, the International Baccalaureate requirement of 33 points must include Mathematics at Higher Level. If you are in doubt as to whether you qualify, please get in touch.

International Baccalaureate (IB)

33 points, 5 in higher Mathematics.

European Baccalaureate

80%

International Foundation Programme

The entry requirements for applicants applying having completed such programmes varies in relation to the specific programme completed. Typically, we would ask for applicants to have achieved at least 70% in a programme verified by City, for an applicant to be made an offer.

INTO City, University of London

Don't meet the entry requirements? INTO City, University of London offers a range of academic and English language programmes to help prepare you for study at City, University of London. You'll learn from experienced teachers in a dedicated international study centre.

These programmes are designed for international students who do not meet the required academic and English language requirements for direct entry. To prepare for this degree course, learn more about the International Foundation programme in Business and Economics with Accounting. and the International Foundation programme in Business and Economics with Society and Culture

International Qualifications

The School of Arts and Social Sciences accepts students from across the globe. Qualifications from where we receive most of our international applications are shown below. If your qualifications are not listed here, we may still accept you, so please feel free to contact our International team for advice.

Please be aware you can apply for a course here before you sit your school leaving qualifications. Any offer we decide to make you will be conditional on you achieving the appropriate score in your school leaving qualifications, in conjunction with your English language qualification. This can be done from September the year before the programme to which you are applying.

Accepted qualifications include:

  • Australian school leaving certificates. (Offer typically made on the basis of a score of 90%)
  • Bulgarian Diploma za Sredno Obrazovanie (Offer typically made on the basis of a score of at least 5.8)
  • Canadian school leaving certificates. (Offer typically made on the basis of a score between 80-90%)
  • China (School leaving qualifications are not accepted. Applicants would need to complete a satisfactory International Foundation Programme to be accepted. See below for details)
  • Cypriot Apolytirion:
    Apolytirion 17, + two A Levels, grades A and B minimum, or
    Apolytirion 18, + one A Level, grade A, or
    Apolytirion 19, without A Levels.
  • Czech Matura (Offer typically made on the basis of 1.0 overall, including 1.0 in Maths)
  • French Baccalauréat (Offer typically around 13/20)
  • German Abitur (Offer typically around 1.8)
  • Greek Apolytirion:
    Apolytirion 17, + two A Levels, grades A and B minimum, or
    Apolytirion 18, + one A Level, grade A, or
    Apolytirion 19, without A Levels.
  • Hong Kong Advanced Level (AAB)
  • Indian HSC/ISC/SSC grade XII (Offer typically made on the basis of 80% average, including 80% in Mathematics)
  • Italian Esame di Stato (Offer typically made on the basis of a score of 80% with a grade of 8/10 in Mathematics)
  • Israeli Bagrut (Offer typically made on the basis of a score between 85-90%)
  • Lithuanian Brandos Atestatas (Offer typically made on the basis of an average score of 9/10 from all A and B subjects)
  • Malaysian Sijil Tinggi Persekolahan (STPM AAA)
  • Norwegian Vitnemål  (Offer typically made on the basis of a score of at least 5.0)
  • Pakistani 'A' Levels (offer in line with UK 'A' Levels. Typical offer AAA)
  • Polish Matura (Offer typically made on the basis of an applicant achieving at least 85% across three extended level subjects)
  • Russian (The Atestat is not sufficient for direct entry on to our undergraduate degree. Applicants would have to complete a satisfactory International Foundation Programme, please see below for details)
  • Singapore/Cambridge GCE Advanced Level (AAA at Higher 2)
  • Spanish Título de Bachillerato (Offer typically made on the basis of the applicant achieving between 8-9/10)
  • Sri Lankan General Certificate of Education (Advanced Level) - Any offer typically made on the basis of AAA.
  • Turkish Lise Bitirme Diplomasi (Most students from Turkey will be required to take an International Foundation Programme, but students from selected schools may be able to apply for direct entry to an undergraduate degree. To enquire about your eligibility, please use the link provided below)
  • USA Advanced Placement and SAT:
  1. 3 x AP with 5,5,4 from group A subjects. If not taking Calculus AB must also have SAT Maths 600, plus SAT Critical Reading and Writing both at 550 or above;
  2. 3 x SAT subject tests with 650 minimum in any two and 600 in the third. If not taking Maths level 1 must also have SAT Maths 600, plus SAT Critical Reading and Writing both at 550 or above;
  3. 2 x SAT subject tests with 650 minimum in each plus 2 x AP group A subjects with 5,4.  If not taking AP Calculus AB or SAT Maths level 1 must also have SAT Maths 600, plus SAT Critical Reading and Writing both at 550 or above;
  4. Applicants with a combination of AP group A and B subjects to be considered on a case-by-case basis.

Please contact the department for further guidance, if required.

All applicants whose education is not in English will be required to achieve the appropriate IELTS score.

English requirements

  • IELTS: 6.5 overall with a minimum of 6.0 in each component.
  • PTE Academic: 58 overall with a minimum of 50 in each component.
English language programmes

If you need to improve your English language skills before you enter this course, our partner, INTO City, University of London offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for entry to this degree.

Visa requirements

If you are not from the European Economic Area / Switzerland and you are coming to study in the UK, you may need to apply for a visa or entry clearance to come to the UK to study.

The way that you apply may vary depending on the length of your course. There are different rules for:

  • Students on courses of more than six months
  • Students on courses of less than six months
  • Students on a pre-sessional English language course.

If you require a Tier 4 student visa to study in the UK, you cannot undertake any City courses on a part-time basis.

For more information see our main Visa page.

How to apply

Applications for degree courses must be made through the Universities and Colleges Admissions Service (UCAS). You can apply through your school or college using the Apply system, which enables you to submit your application directly to the UCAS website.

www.ucas.com

You can apply to up to five universities or institutions on the form. The UCAS code for City University London is C60.

Please take care to enter the correct course code when applying, particularly for subjects with a Foundation year or with BEng (Hons) and MEng (Hons) or BSc (Hons) and MSci (Hons) options.

UCAS has implemented an ‘invisibility of choices’ policy so that, on the initial application and while you are receiving decisions, each institution can see only their entry and not those of other institutions you have chosen. This ensures that your application for a course at City is considered solely on your academic and personal qualities.

You should submit your completed application form to UCAS with a £23 application fee. If you want to apply to City, University of London only, you can make a single choice application at a reduced rate of £12.

When to apply

Your application for entry in September 2018 should arrive at UCAS between September 2017 and 15th January 2018. Applications that arrive after 15th January 2018 will be considered only at City’s discretion.

When your application is acknowledged by UCAS, you will be sent a personal identification number so that you can access your records via Track on the UCAS website.

Enquiries

For general enquiries about the admissions process at City, please contact our Admissions Office:

Email: ugadmissions@city.ac.uk
Telephone: +44 (0)20 7040 8716.

If your enquiry is about admission to a particular course, please use the contact details provided on the course page.

Contacting UCAS

Website: www.ucas.com
Address: Universities and Colleges Admissions Service (UCAS), Rosehill, New Barn Lane, Cheltenham, Gloucestershire, GL52 3LZ
Telephone: from inside the UK 0871 468 0468; from outside the UK +44 (0)871 468 0468
For callers with hearing difficulties: from inside the UK use the Text Relay service on 18001 0871 468 0468; from outside the UK dial +44 151 494 1260 (text phone) and then ask the operator to dial 0871 468 0468.

100%
of students were satisfied with the quality of the course. (NSS)
£26,000
Average salary six months after the course. (DLHE)
100%
of graduates were in work or further study six months after graduation. (DLHE)

More about fees

* The tuition fee for UK and EU students is £9,250 for the first year of study (2017/18). Fees in each subsequent year of study will be subject to an annual increase limited to the Student Fees Inflation Index as determined by the UK Government’s Office for Budget Responsibility. This index is derived from the All Items Retail Prices Index. We will confirm any change to the annual tuition fee to you in writing prior to you commencing each subsequent year of study.

** The tuition fee for Non-EU students is £15,500 for the first year of study (2017/18). Fees in each subsequent year of study may be subject to annual increase, as detailed above for UK and EU students.

Funding

Explore up-to-date information about funding options, available financial support and typical living costs.

You will find a wide variety of funding sources and options available for the Financial Economics degree at City. Our Student Centre is on-hand to provide you with award-winning financial advice and support for funding your studies.

Future Finance Loans

Future Finance offers students loans of between £2,500 and £40,000 to help cover tuition fees and living expenses. All students and courses are considered. All loans are subject to credit checks and approval for further details please visit the City Finance website.

Why is Economics at City different?

Dr Javier Ortega on Economics at City

Watch this short video, featuring undergraduate Economics admissions tutor Dr Javier Ortega, to find out why studying Economics at City is different to at other universities.

Placements

This degree is focused on helping you prepare for a rewarding future. We offer you the opportunity to take a one-year work placement between years two and three of your degree. It provides an exciting chance to apply your theoretical and analytical skills in the real-world, while gaining invaluable work experience.

If you chose to complete a placement during your degree, you will graduate with a "BSc in Financial Economics with Integrated Professional Training".

To help you find a placement that meets your area of interest and career ambitions, our expert Careers Service and academic staff will work with you closely.

Our recent Financial Economics undergraduate students have undertaken placements at high-profile organisations, including:

  • HM Treasury
  • RBS
  • GlaxoSmithKline
  • PriceWaterhouseCoopers
  • Department for Work and Pensions
  • Ministry of Defence
  • Goldman Sachs
  • Financial Ombudsman Service.

Study abroad

Take a step towards your future ambitions and broaden your horizons at City. During your course, you have the option to study for one or two terms at a partner institution in Barcelona, Konstanz, Madrid, Rotterdam or Toulouse through the British Council Erasmus scheme. There are also opportunities for you to study abroad at partner institutions in Australia, Boston, Istanbul and Seoul.

Find out more about the Erasmus scheme.

Academic facilities

City students at the Bloomberg terminals

As a student at City, you will not only study for a world-class degree at our modern central London campus, you will also have access to a variety of subject-specific facilities and resources. The aim of our course is to be relevant to the modern world and the applied theories of economics, ensuring you have access to the industry standard tools and resources used by professionals. These include:

  • Bloomberg and Datastream real-time data
  • Elsevier's extensive Handbooks in Economics series
  • Free online subscription to the Financial Times
  • Free online subscription to The Economist.

Learn a language for free

We offer a free language course for City, University of London students.

Find out how to apply

Teaching and learning

The Financial Economics BSc (Hons) at City will give you a strong understanding of the economics and finance disciplines. You will learn with dynamic academic staff in a stimulating and supportive environment.

Learning takes place through a fascinating series of lectures, where you will cover the basic theoretical or technical points for each module. In seminars, you will further explore and develop your understanding of the topics through thought-provoking discussion, problem-solving, computer exercises and presentations.

Your degree will be studied over three years full-time. However, in the case of a sandwich degree, it may be taken over four years. If you chose to complete a year's placement, the title of your degree will be BSc in Financial Economics with Integrated Professional Training.

Assessment methods

Assessment is based mainly on coursework and unseen examination. Your coursework may consist of:

  • Standard essays
  • Individual and group presentations
  • Group reports
  • Classwork
  • Unseen tests
  • Problem sets.

Percentage of the course assessed by coursework

The balance of assessment by examination, practical examination and assessment by coursework will to some extent depend on the optional modules you choose. The approximate percentage of the course assessment, based on 2016/17 entry is as follows:

Year 1

60% written, 0% practical, 40% coursework

Year 2

70% written, 0% practical, 30% coursework

Year 3

79% written, 0% practical, 21% coursework.

Assessment weightings by year

  • Year 1: 10%
  • Year 2: 30%
  • Year 3: 60%

Modules

Your degree consists of three parts, corresponding to the three years of the full-time degree programme.

In the first year, you will develop a basic grounding in theory, and mathematical, statistical and data analytics.In the second year, you will build your knowledge and experience in the core economic theory modules. You will also develop technical skills in the econometrics and mathematical methods, and understand global financial markets.In the final year, you will develop a coherent, systematic, and detailed knowledge of your discipline. The core theoretical elements and technical skills acquired in the first two years are applied to specific topics in a number of core and optional modules. You may also choose to develop your research skills in a final year research project.

Year 1

The first year lays the analytical and conceptual foundations of economics with examples of the real-world application of economics to important fundamental problems. Year one is made up of 120 credits which consists of eight core modules.

Core modules:

  • Introduction to macroeconomics (15 credits)
  • Introduction to microeconomics (15 credits)
  • Topics in applied macroeconomics (15 credits)
  • Topics in applied microeconomics (15 credits)
  • Data Analysis 1 & 2 (30 credits)
  • Mathematics for Economists (post-'A' Level) 1 & 2 (30 credits).

Year 2

Year two consists of modules that make up 120 credits.

The second year allows you to develop your core skills through intermediate-level courses. You can also begin to specialise in financial topics.

Core modules:

  • Intermediate macroeconomics 1 & 2 (30 credits)
  • Intermediate microeconomics 1 & 2 (30 credits)
  • Econometrics (30 credits)
  • Global financial markets (15 credits)
  • Intermediate mathematical methods (15 credits).

Year 3

Year three consists of modules that make up 120 credits.

The final year provides you with an opportunity to apply your knowledge of core tools to a supervised research project in financial economics. The final year core modules examine the financial aspect of the course while the electives allow further specialisation.

You may take a supervised project in economics (30 credits), plus four core 15-credit modules and 30 credits from the list of elective modules. Alternatively, you can take four core 15-credit modules and 60 credits of elective modules.

Core modules:

  • Economics project  (30 credits)
  • Corporate finance (15 credits)
  • Introduction to financial derivatives (15 credits)
  • Financial economics  (15 credits)
  • Applied econometrics (15 credits)
  • Money and banking (15 credits).

Elective modules:

  • International finance (15 credits)
  • Monetary economics (15 credits)
  • Development economics (15 credits)
  • Industrial organisation  (15 credits)
  • History of economic thought (15 credits)
  • Company law (15 credits)
  • Economics of European Integration (15 credits)
  • Advanced quantitative economics (15 credits).

Overall workload

Each module has a credit value of 15 or 30 credit points. Each credit point represents approximately 10 hours of student learning and assessment. A 15 credit module would typically consist of 2 weekly lectures and one weekly class for ten weeks, giving a total of 30 taught hours, plus 120 hours of independent study, giving a total learning time of 150 hours.

The approximate percentage of the course assessment, based on 2016/17 entry is as follows:

Year 1

20% scheduled learning, 80% independent learning, 0% placement

Year 2

20% scheduled learning, 80% independent learning, 0% placement

Year 3

19% scheduled learning, 81% independent learning, 0% placement.

  • Academic expert
    Lecturer in Economics, Programme Director for MSc. in Financial Economics working in the School of Arts and Social Sciences.
  • Grant Thornton UK LLP
    Financial Economics is a great combination of pure and applied economics with maths. I learnt how to think outside the box making difficult situations at work manageable.
  • Student
    A BSc in Financial Economics has provided me with useful knowledge about corporate finance, derivatives, econometrics and investment banking.

Career prospects

This degree will equip you with a strong theoretical and practical understanding of the economics and finance disciplines, enabling you to develop highly valuable, transferable skills that will help you embark on a rewarding career in finance or economics. As a result, you will find a wide range of career and study options open to you.

Financial Economics graduates are in high demand in professions within:

  • Accountancy
  • Management consultancy
  • Finance
  • Banking
  • Insurance
  • The civil service
  • Teaching
  • Central banks such as the Bank of England
  • International bodies like the World bank and the International Monetary Fund.

Many of our successful graduates go on to further study at institutions including King’s College London, the LSE, and SOAS. Others take up positions as trainee chartered accountants working for professional qualifications with bodies such ACCA and CIMA. Others have started the graduate training scheme with banks such as Santander.

Discover how studying at City helps you to improve your job prospects.

100% of graduates in employment or further study six months after completing the course

Financial Economics

UCAS code: L111

Application Deadline

15th January 2018


Applications for degree courses must be made through the Universities and Colleges Admissions Service (UCAS). You can apply through your school or college using the Apply system, which enables you to submit your application directly to the UCAS website.

www.ucas.com

You can apply to up to five universities or institutions on the form. The UCAS code for City University London is C60.

Please take care to enter the correct course code when applying, particularly for subjects with a Foundation year or with BEng (Hons) and MEng (Hons) or BSc (Hons) and MSci (Hons) options.

UCAS has implemented an ‘invisibility of choices’ policy so that, on the initial application and while you are receiving decisions, each institution can see only their entry and not those of other institutions you have chosen. This ensures that your application for a course at City is considered solely on your academic and personal qualities.

You should submit your completed application form to UCAS with a £23 application fee. If you want to apply to City, University of London only, you can make a single choice application at a reduced rate of £12.

When to apply

Your application for entry in September 2018 should arrive at UCAS between September 2017 and 15th January 2018. Applications that arrive after 15th January 2018 will be considered only at City’s discretion.

When your application is acknowledged by UCAS, you will be sent a personal identification number so that you can access your records via Track on the UCAS website.

Enquiries

For general enquiries about the admissions process at City, please contact our Admissions Office:

Email: ugadmissions@city.ac.uk
Telephone: +44 (0)20 7040 8716.

If your enquiry is about admission to a particular course, please use the contact details provided on the course page.

Contacting UCAS

Website: www.ucas.com
Address: Universities and Colleges Admissions Service (UCAS), Rosehill, New Barn Lane, Cheltenham, Gloucestershire, GL52 3LZ
Telephone: from inside the UK 0871 468 0468; from outside the UK +44 (0)871 468 0468
For callers with hearing difficulties: from inside the UK use the Text Relay service on 18001 0871 468 0468; from outside the UK dial +44 151 494 1260 (text phone) and then ask the operator to dial 0871 468 0468.

Contact details

Request a prospectus

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Get your prospectus

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City, University of London is an independent member institution of the University of London. Established by Royal Charter in 1836, the University of London consists of 18 independent member institutions with outstanding global reputations and several prestigious central academic bodies and activities.